every date on this list felt like the end at the time.
every one ended up being a good time to keep buying slowly.
just about a great time to keep dca’ing into your long term positions.
13
this aged well.
$ASST went from ~$12 to ~$30 since the sub-1 mNAV days, and the stack grew to 27,462 $BTC.
the discount is gone. the buying isn't. 🟧
$ASST market cap: ~$1.15B
BTC holdings: 15,000 × $82K = ~$1.23B
mNAV: <1 (trading below NAV)
You're literally buying their Bitcoin at a discount and getting a $2.7B AUM asset manager..
@longgamma @ColeMacro @PunterJeff
104
honestly, about time...
the real test comes next: will these rules actually filter out the pump and dumps, or just make them look more professional?
either way, the US staying in the game matters!!
Props to the CFTC and SEC for bringing clarity to the crypto industry. Those agencies moving quickly to establish laws despite the left and right not agreeing is huge. We would not have as big of a bull market without these laws getting into place and the US would likely fall behind in innovation. Many people not just alt coin investors benefit from this. More jobs, more tech, more capital and hopefully less pump and dump scams.
40
the thing people miss about @ethereum glamsterdam update:
it is not "cheaper fees."
it is $ETH L1 becoming fast enough to host the apps that left for L2s.
every app that left for cost is now a candidate to come back.
Yes, you are heavily underestimating Ethereum's Glamsterdam upgrade.
The gas limit increase to 200M means that Ethereum could theoretically already handle Base's average activity over the last few months (~16.7 Mgas/s).
While we're not targeting that initially, there's lots of headroom for further increases in the months after Glamsterdam.
IMO, this will strengthen Ethereum's role as the main DeFi hub, especially since scaling doesn't stop here.
In combination with @etheconomiczone, it will also become the liquidity hub for L2s, bringing even more activity back to mainnet.
@DeriveXYZ and others are already preparing their products for Ethereum season.
Higher and faster.
1
53
$IOND got provisional base load status from ercot for the full 466mw expansion. big step!!
what it is: a place in line confirmed, with the grid operator agreeing ward county qualifies.
what it isn’t yet: final approval, or power delivered. energization is targeted for end of 2027 and the 466mw doesn’t have a tenant signed.
overall good news, and the step everyone was waiting for!
big texas power news today, and it matters for $IOND.
$IREN, another data center company, just got the green light from ercot (the texas grid operator) for a 2gw site. stock jumped 7%.
why does that matter for us?
$IOND is waiting on the same approval for its ward county expansion. it was filed in july. ercot had paused reviews, and today’s news shows they’re moving again.
every company in that line just got repriced.
$IOND hit $84, new all time high.
$IOND day 2 did something worth understanding.
opened $53.08, down 15% from yesterday's close. that was the transfer supply arriving. shares that finally landed in brokerage accounts overnight, sold at the open.
it got absorbed by 11am. New high $67.95.
that's the first real test this stock has passed.
$IOND day one, and the chart is telling you something.
open $50.00 - low $50.00
it never traded below the open. not one share. nobody who bought today is underwater.
now sitting $61, holding near highs, 11% above vwap without fading.
and this is day 1 of the entire life of this stock.
tulumpo retweeted
Ionic Digital is pleased to announce that its Common Stock is now trading on Nasdaq under the ticker $IOND
reminder before 10:10 ET on $IOND: quotes ≠ trades.
from 10:10 to ~10:20 you'll see wild indicative prices with zero executions behind them.
that's the cross building.The only number that matters is the opening print at ~10:20. set limits.
market orders into a direct listing open are how people get filled 40% away from where they wanted. stay safe.
confirmed: @Nasdaq set the $IOND reference price at $53.00, same as the june institutional placement.
their own notice says it plainly: this is NOT an offering price and nobody has traded shares.the open gets decided by buy and sell orders in the auction. could print anywhere!!!
source: nasdaqtrader.com/TraderNews.…
has @IonicDigital, $IOND, governance been drama free? no. there was litigation in delaware chancery over board composition and shareholder list access.
but that is the point. shareholders had standing to bring it.
at @CelsiusNetwork, customers were unsecured creditors of a private company. no equity, no vote, no audited financials, no board to hold to account.
the difference is not that nothing goes wrong. it's that there is somewhere to go when it does.
1
598
$IOND has 15 employees and it filled its top jobs with people from @CrownCastle , @digitalrealty & @globalswitch .
those are companies that own and rent infrastructure at scale. you don't bring in that group to run one site.